New York State Department of Financial Services

New York State Department of Financial Services

ISSUED: May 28, 2021

NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES TAKES DISCIPLINARY ACTIONS AGAINST LICENSEES OR REGISTRANTS UNDER THE

INSURANCE LAW

The New York State Department of Financial Services has taken disciplinary action against the following licensees and registrants. Those categorized as stipulations or consent orders have been agreed to by the licensee or registrant. Department actions that result from Department hearings are subject to judicial review and possible stay of enforcement.

AGENT/BROKER HEARINGS

LICENSEE

Dawatie Sewnarine (Agent)

ADDRESS

112-12 Jamaica Avenue Richmond Hill, NY 11418

PENALTY

License Revoked

Respondent, with intent to defraud New York State or a political subdivision thereof, submitted six applications for public assistance benefits that Respondent knew contained materially false information. Respondent was convicted in New York State of felony counts of Grand Larceny in the Third Degree, Welfare Fraud in the Third Degree, and Offering a False Instrument for Filing in the First Degree. Respondent gave a false answer in two original license applications, in response to a question which asked Respondent if she had ever been convicted of a felony. [Order issued June 23, 2020.]

STIPULATIONS/CONSENT ORDERS

Region: Mid-Island

LICENSEE

Louis Vaccarelli (Agent)

ADDRESS

6800 Jericho Tpke, Suite 120 West Syosset, NY 11791

PENALTY

License Revoked

Respondent, in or about August 2016, allowed an unlicensed person to solicit from and/or negotiate with an insured on Respondent's behalf regarding two annuity contracts; in 2016, Respondent submitted to an insurer several applications for annuities that contained incorrect residential addresses of the applicants; Respondent also failed to timely or sufficiently respond to Department letters of inquiry. [Stipulation approved March 25, 2021.]

1 STATE STREET, NEW YORK, NY 10004| WWW.DFS.

Region: Nassau

LICENSEE

Premier Risk LLC (Agent, Broker, Excess Line Broker, and Consultant)

ADDRESS

142 Lakeview Avenue Lynbrook, NY 11563

PENALTY

Maria Cafiero (Agent, Broker, Life Broker and Sublicensee)

Same as above

$9,000 fine

Santa J. Cafiero

Same as above

(Agent, Broker, and Sublicensee)

Respondents, during the period July 25, 2008 through February 9, 2021, allowed a person to

participate in the business of insurance, and such person had been convicted of a felony that

involved dishonesty or a breach of trust and had not received written consent to engage in the

business of insurance from a regulatory official, as required by 18 U.S.C. ?1033.

[Stipulation approved April 22, 2021.]

Region: New York

LICENSEE COBB B LLC t/b/a Lamb Insurance Services (Agent, Broker and Life Broker)

Joshua Aaron Lamberg (Sublicensee)

ADDRESS 145 West 45th Street New York, NY 10036

Same as above

PENALTY $500,000 fine

During the approximate period of January 2011 through January 2019, Respondent COBB B LLC t/b/a Lamb Insurance Services paid commissions to unlicensed individuals to transact the business of insurance in New York State. [Stipulation approved April 8, 2021.]

1 STATE STREET, NEW YORK, NY 10004| WWW.DFS.

LICENSEE

Emanuel E. Pantelakis (Agent, Broker, and Life Broker)

ADDRESS

213-16 48th Avenue Bayside, NY 11364

PENALTY

License Revoked

The State of New Jersey Bureau of Securities revoked Respondent's agent registration. Respondent failed to disclose the New Jersey proceeding in six license applications he submitted to the Department; Respondent was arraigned on criminal charges in the United States District Court, Southern District of New York. Respondent failed to report said criminal prosecution to the Superintendent within thirty days of the initial pretrial hearing date; Respondent was convicted of a felony within the meaning of Section 211 0(a)(7) of the Insurance Law in that in the United States District Court, Southern District of New York, on December 1, 2017, Respondent pled guilty to Conspiracy to Commit Securities Fraud, in violation of 18 U.S.C. ? 371, a felony, and on November 8, 2018, judgment was entered and Respondent was sentenced; After Respondent was convicted of the felony of Conspiracy to Commit Securities Fraud, Respondent engaged in the business of insurance without the written consent of a regulatory official required by 18 U.S.C. ?1033; On May 30, 2018, as the result of an administrative proceeding, Respondent was permanently barred by the United States Securities and Exchange Commission ("SEC") from association with any broker, dealer, investment adviser or municipal securities dealer; and in three license applications he submitted to the Department, Respondent failed to disclose in the applications: (1) the criminal case in the United States District Court, Southern District of New York, (2) the SEC proceeding that led to the permanent bar, and (3) the disciplinary proceeding by the New Jersey Bureau of Securities that led to the revocation of Respondent's agent registration. [Stipulation approved April 16, 2021.]

Region: Out of State

LICENSEE

Rolonda A. Allen (Agent)

ADDRESS

2019 Drake Court Walk Omaha, NE 68102

PENALTY $750 fine

Respondent failed to disclose in her original application for an agent's license that she was the subject of an administrative action taken by the California Department of Insurance. [Stipulation approved April 8, 2021.]

1 STATE STREET, NEW YORK, NY 10004| WWW.DFS.

LICENSEE Bullock Agency Inc. (Agent)

John T. Bullock (Sublicensee)

ADDRESS 1433 Lancaster Avenue St. Charles, IL 60174

Same as above

PENALTY $1,500 fine

Respondents failed to report to the Superintendent within 30 days of the final disposition of the matter that the Washington Office of the Insurance Commissioner and the Louisiana Department of Insurance took administrative actions against Respondent Bullock Agency Inc. [Stipulation approved March 24, 2021.]

LICENSEE

Gabriela Caballero (Agent)

ADDRESS

13070 Bowdoin Drive El Paso, TX 79928

PENALTY $1,000 fine

Respondent failed to report to the Superintendent within thirty days of the final disposition of each matter that (1) the Commissioner of the Indiana Department of Insurance denied Respondent's application for a license, (2)the Insurance Commissioner of the State of California denied Respondent's application for an unrestricted license to act as an agent and issued Respondent a restricted license to act as an agent, and (3) the Florida Department of Financial Services denied Respondent's application for licensure as an agent. [Stipulation approved April 22, 2021.]

LICENSEE Certified Financial Services LLC (Agent)

Thomas A. Ciardella (Agent and Sublicensee)

ADDRESS 52 Forest Avenue Paramus, NJ 07652

Same as above

PENALTY $500 fine

Respondents violated Section 2114 of the Insurance Law in that they paid compensation to an unlicensed individual for services in obtaining a life insurance policy in the State of New York. [Stipulation approved March 31, 2021.]

1 STATE STREET, NEW YORK, NY 10004| WWW.DFS.

LICENSEE

Michael A. Ferrone (Agent)

ADDRESS

c/o Certified Financial Services 52 Forest Avenue Paramus, NJ 07652

PENALTY $500 fine

Respondent aided an unlicensed individual in being paid compensation by Certified Financial Services LLC, for obtaining a life insurance policy in the State of New York, in violation of Section 2114 of the Insurance Law. [Stipulation approved April 21, 2021.]

LICENSEE

ADDRESS

PENALTY

Liam C. Kemmerley (Agent and Broker)

1518 Leopard Way Berwyn, PA 19312

$200,000 fine

Respondent, during the approximate period February 2012 through May 2019, while working for Cobb B LLC a/k/a Lamb Insurance Services, transacted insurance business in the State of New York without the benefit of a license. [Stipulation approved April 8, 2021.]

LICENSEE

Leon John Munyan (Agent ? License Pending)

ADDRESS 13201 S 34th Way Phoenix, AZ 85044

PENALTY $750 fine

Respondent failed to disclose on his original application to act as an agent that he was the subject of an administrative action taken by the Department of Insurance of Washington State. [Stipulation approved March 31, 2021.]

LICENSEE

Matthew Rogers (Agent)

ADDRESS 252 N 184th Court Elkhorn, NE 68022

PENALTY $750 fine

Respondent failed to disclose in his original application for an agent's license that he was the subject of an administrative action taken by the California Department of Insurance. [Stipulation approved March 17, 2021.]

1 STATE STREET, NEW YORK, NY 10004| WWW.DFS.

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download